Company Website:
http://www.xylem.com
RYE BROOK, N.Y. -- (Business Wire)
Xylem Inc. a leading global water technology company, today announced
that it has closed its offering of $500 million of 3.250% senior notes
due 2026 and $400 million of 4.375% senior notes due 2046.
The Company intends to use the net proceeds of the transaction, together
with cash on hand, proceeds from issuances under the Company’s existing
commercial paper program and borrowings under a new euro-denominated
term loan, to fund the $1.7 billion cash purchase price of its
acquisition of the direct and indirect subsidiaries of Sensus Worldwide
Limited (other than Sensus Industries Limited).
The senior notes offering was made pursuant to an effective shelf
registration statement on file with the U.S. Securities and Exchange
Commission (SEC). A final prospectus supplement and accompanying
prospectus describing the terms of the offering was filed with the SEC.
These documents are available free of charge by visiting EDGAR on the
SEC website at www.sec.gov.
Alternatively, the Company, any underwriter or any dealer participating
in the offering will arrange to send you the prospectus if you request
it by calling Citigroup Global Markets Inc. toll-free at 1 (800)
831-9146 or Wells Fargo Securities, LLC toll-free at 1 (800) 645-3751.
Citigroup Global Markets Inc., Wells Fargo Securities, LLC and J.P.
Morgan Securities LLC acted as joint book-running managers for the
offering.
About Xylem
Xylem (XYL) is a leading global water technology provider, enabling
customers to transport, treat, test and efficiently use water in public
utility, residential and commercial building services, industrial and
agricultural settings. The company does business in more than 150
countries through a number of market-leading product brands, and its
people bring broad applications expertise with a strong focus on finding
local solutions to the world’s most challenging water and wastewater
problems. Xylem is headquartered in Rye Brook, New York, with 2015
revenues of $3.7 billion and more than 12,500 employees worldwide.
The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of
our water-centric business by linking it with the best water
transportation of all -- that which occurs in nature. For more
information, please visit us at www.xylem.com.
Forward-Looking Statements
This press release contains information that may constitute
“forward-looking statements.” Forward-looking statements by their nature
address matters that are, to different degrees, uncertain. Generally,
the words “anticipate,” “estimate,” “expect,” “project,” “intend,”
“plan,” “forecast,” “believe,” “target,” “will,” “could,” “would,”
“should” and similar expressions identify forward-looking statements.
However, the absence of these words or similar expressions does not mean
that a statement is not forward-looking. Any statements that are not
historical in nature are forward-looking statements, including any
statements regarding the intended use of proceeds from the senior notes
offering.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause actual
results to differ materially from those expressed or implied in, or
reasonably inferred from, such forward-looking statements. The Company
discusses its primary risks under the heading “Risk Factors” in its
Annual Report on Form 10-K and from time to time in subsequent reports
filed with the Securities and Exchange Commission. All forward-looking
statements in this release are based on information currently available
to the Company. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161011006679/en/
Contacts:
Xylem Inc.
Media:
Jennifer Jacob, +1-914-323-5745
jennifer.jacob@xyleminc.com
or
Investors:
Phil
DeSousa, +1-914-323-5930
phil.desousa@xyleminc.com
Source: Xylem Inc.
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